of May 26, 2000 No. 885-IG
About approval of "The agreement between the Azerbaijan Republic, Georgia and the Republic of Turkey on transportation of crude oil by the main export pipeline of Baku-Tbilisi-Ceyhan through the territories of the Azerbaijan Republic, Georgia and the Republic of Turkey" and the documents attached to the specified Agreement, "The Istanbul declaration" and the protocol between the Azerbaijan Republic, Georgia and the Republic of Turkey on introduction of amendments to "The agreement between the Azerbaijan Republic, the Republic of Turkey and Georgia on transportation of crude oil on the territory of the Azerbaijan Republic, Georgia and the Republic of Turkey"
Successfully developing in recent years, the oil strategy which is component of state policy of the Azerbaijan Republic accelerated integration of our country into the world community and made contribution to strengthening of its independence. For this reason "The contract of century" and oil contracts signed after that had important political and economic value, showed that the Azerbaijani people are authentic owner of the natural wealth.
One of the main directions of oil strategy of our country is transportation of the Azerbaijani oil on the world markets. Today the Azerbaijani oil is exported on the world markets along two routes - pipelines of Baku - Novorossiysk and Baku - Supsa. However in connection with long-term ensuring interests of Azerbaijan in this area, implementation of large-scale international cooperation, increase in oil extraction in the Caspian region and for the purpose of ensuring oil transportation on the world markets carry out hard work on project implementation of the new main export pipeline having strategic importance to Buck - Tbilisidzheykhan with handling capacity of 50 million tons of oil a year, and process of negotiations successfully came to the end.
Considering that the above has special value for the Azerbaijani state, Millie decides Majlis of the Azerbaijan Republic:
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